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5 Things to Know Today — June 21, 2026

  Whether you're starting your week or wrapping up your weekend, here are the five Canadian money stories shaping your financial picture right now. 1 Canada Is Technically in a Recession — And the Political Fight Is On Canada's GDP contracted 0.1% on an annualized basis in Q1 2026, following a 1% decline in Q4 2025 — two consecutive quarters of negative growth that meet the textbook definition of a technical recession. Prime Minister Mark Carney has called it a "settling-in period" tied to his government's restructuring of the economy in response to the U.S. trade war. Conservative Leader Pierre Poilievre has been relentless in his counter-offensive, pointing to rising insolvencies, job losses and food bank usage as proof that the downturn is real, not technical. Many economists, including BMO's chief economist Douglas Porter, have noted that a future revision to Statistics Canada's data could erase the slim 0.1% contraction — meaning this may not ultimate...
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Canada Post Strike Highlights Challenges Amid Financial Woes and Competition

 


A strike by Canada Post workers has disrupted mail delivery nationwide, drawing attention to the long-standing struggles faced by the service. The labor action, sparked by disputes over wages, working conditions, and job security, comes at a time when Canada Post is grappling with fierce competition and mounting financial losses.

In recent years, Canada Post has seen a sharp decline in traditional mail volumes due to the rise of digital communication. While the parcel delivery segment has grown with the e-commerce boom, private competitors such as FedEx and Amazon Logistics have captured significant market share, leaving the Crown corporation struggling to keep pace.

The union representing postal workers has emphasized the need for greater investment in infrastructure and workforce development, warning that failure to modernize could lead to further declines in service quality. Meanwhile, critics argue that Canada Post’s financial model is unsustainable, pointing to years of losses and calls for privatization.

The strike has reignited a national conversation about the future of the postal service, with stakeholders urging the federal government to take decisive action to ensure its viability in a rapidly evolving industry.


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